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Cyprus Property News

Cyprus property news.

We give sharp, insightful comments on issues affecting the Cypriot property market. No nonsense reflection of current events and market trends as well as news on property tax and general legalization changes in Cyprus.

Cyprus lifestyle news.

With everything from the status of road work in Paphos to the opening of new shops and general economic news – you will find Cyprus lifestyle news a good read.

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When it comes to social media we really do prefer twitter. We try to make our tweets not just a list of what we have for sale, but more a reflection of Cyprus life with a fun and sometimes ironic twist. FOLLOW US NOW!

Cyprus Property News

We actively encourage all our vendors to advertise their property at a realistic price recommended by our agency from the very start.

While other agents ask, “How much do you want?”
we provide accurate free of charge valuations based on other properties sold in
your area.

Industry heavyweight
Rightmove highlights in statistical terms what we have been preaching to
sellers of Cyprus property for years.

Miles Shipside,
Rightmove director, points out that buyers are now far more price sensitive than
ever before. “The majority of the market is price sensitive with most agents we
surveyed reporting that possible buyers are reluctant to enquire about a
property just a few percent too high in price. Some sellers may have thought
there is no price to pay by starting high and reducing the asking price later.
However, our extensive tracking of properties that have found a buyer shows
that a property should substantially out-perform the level of interest in
similar properties in the local area during the first three weeks of marketing
to minimize the risk of being left on the shelf. Over-pricing loses you that
vital initial interest and impetus, and buyers often have reservations about a
property that has not sold as quickly as others.”

We fully support this conclusion.
It is very dangerous to be caught in a never ending spiral of price reductions.
As your asking price gets closer and closer to the actual market value potential
buyers are wondering how much lower they can bid. Get an expert valuation,
price your property correctly and receive pre-qualified viewings from the start. With a professional listing from “Cyprus Resales”
your property will sell fast.